Articles tagged with companies
One Person Company is a new revolutionary concept in India which takes birth through the Companies Act, 2013. It serves the leisure to the entrepreneurs who are capable of starting a business venture on their own.
28 Apr 2017 by
Jaskirat Kohli
OPC, a legally registered entity has separate legal existence, limited liability, sole ownership, tax on profit, auditing provisions which make it advantageous over partnership.
02 May 2017 by
Archi Bhatia
OPC (One Person Company) governed by companies act, 2013 having limited liability, managed single-handedly with the benefit of minimal compliances, easy transferability over public company.
02 May 2017 by
Archi Bhatia
OPC is the registered form of business entity having protection of limited liability with tax benefits, minimum paid up capital, easy transferability over sole proprietorship.
02 May 2017 by
Archi Bhatia
Mandatory documents required to close an OPC are application, board resolution for closing along with the consent of directors and creditors (if any), director's affidavit, indemnity bond, statement of accounts.
02 May 2017 by
Archi Bhatia
An OPC requires to follow certain compliance after incorporation which includes bank account, company PAN/TAN, appointment of an auditor and mandatory compliance includes meetings, filing of annual return, financial return and income tax return.
02 May 2017 by
Archi Bhatia
OPC is a composite of sole proprietorship and limited company. It provides limited liability to its shareholders to the extent of the unpaid amount of its share.
02 May 2017 by
Archi Bhatia
An OPC can be converted into LLP but not voluntarily, only after the expiry of two years from the date of incorporation.
02 May 2017 by
Archi Bhatia
Every OPC is under an obligation to file the annual accounts, annual returns, income tax return and other forms within due date to avoid the massive penalties.
02 May 2017 by
Archi Bhatia
Every OPC has a legal obligation to file an annual return in form MGT-7 and financial statements in form AOC-4 every year with registrar which exhibits the true and important information of the company.
02 May 2017 by
Archi Bhatia
